Legislation targets poor and vulnerable sections among whom malnutrition was particularly high Prime Minister Manmohan Singh said on Thursday that the government was committed to bring to Parliament a Right to Food Act which would serve as a viable safety net for the poor and the vulnerable sections among whom malnutrition was particularly high. Addressing an international conference on ‘Leveraging Agriculture for Improving Nutrition and Health,' the Prime Minister said such...
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Activist Outrage at the UN Climate Conference by Anne Petermann and Orin Langelle
During protests against the WTO (World Trade Organization) meetings in Cancún, Mexico in September 2003, Lee Kyung Hae, a South Korean farmer and La Via Campesina member, martyred himself by plunging a knife into his heart while standing atop the barricades at Kilometer Zero. Around his neck was a sign that read, "WTO Kills Farmers." At that time, activists around the world were rallying under the umbrella of the global justice...
More »Rampant Speculation Inflated Food Price Bubble by Stephen Leahy
Billions of dollars are being made by investors in a speculative "food bubble" that's created record food prices, starving millions and destabilising countries, experts now conclude. Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles. They extracted enormous profits and their bonuses before the inevitable collapse of...
More »Neoliberal illogic by Prabhat Patnaik
The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....
More »Of margins and the marginalised by Jayati Ghosh
The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...
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